Friday, June 20, 2008

Govt Offers Fewer Confirmed Sale Sites In Uncertain Mkt

Source : The Straits Times, June 19, 2008

THE Government is cutting back on the number of development sites being releasing for outright sale over the next six months.

Its move follows poor sales of the 37 sites that have been available since the start of the this year.

Only five sites on the confirmed list have been sold while four other plots on this list have yet to be sold or launched.

None of the 26 sites on the reserve list have been triggered for tender.

These sites go on sale only if a developer makes a minimum bid.

Read the full story in Friday's edition of The Straits Times.

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